Poll Urges UK Healey to Rebuild Fiscal Headroom
Economists in a Reuters poll suggest British finance minister John Healey should rebuild fiscal headroom to 16 billion pounds in his upcoming budget. This move aims to reassure bond investors following a significant narrowing of the government buffer.
British finance minister John Healey should rebuild fiscal headroom to about £15-16 billion ahead of the upcoming budget, a Reuters poll of economists showed on Thursday. The buffer has halved since March to around £10-12 billion, leaving public finances vulnerable to market shifts. Maintaining a credible fiscal cushion is essential to keep bond investors onside and prevent rising borrowing costs in the United Kingdom.
